​Ashok Leyland Registers 5% Growth in February 2017

Ashok Leyland, via a press release, has reported five percent growth in its February 2017 sales figures. The CV manufacturer has reportedly sold a total of 14,067 commercial vehicles in the month of February 2017. This number is 661 trucks and buses more than what Ashok Leyland had sold in February 2016.

The CV maker, during February 2017, managed to sell 11,329 units in the M&HCV segment, which is 528 units more than 10,801 M&HCV units it had sold in February 2016. Company's LCV sales during February 2017 clocked 2,738 units.

These numbers would have brought a lot of relief in the Ashok Leyland camp. The CV manufacturer, like most other truck and bus makers in India, was found struggling during the last few months. It is not hidden a fact that demonetization has derailed truck sales in the country. The decision of banning old INR 500 and 1000 currency notes is still haunting a lot of CV manufacturers in India.

Truck sales are bound to increase as the cash flow returns to normalcy in the country. Experts, citing BS-IV emission norms implementation, have also anticipated higher truck sales during March 2017. They agree that the prices of new BS-IV compliant trucks will be five to 10 percent dearer than the BS-III ones. Consumers, as per experts, will look to buy new trucks before April 1, 2017.

Ashok Leyland has sold a total of 126,284 CV units during the April 2016 – February 2017 time period. The CV maker, during the same time span last year, had sold only 123,755 trucks and buses.